The AES Co. (NYSE:AES) Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC increased its stake in The AES Co. (NYSE:AES - Free Report) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,559,999 shares of the utilities provider's stock after purchasing an additional 91,990 shares during the period. Douglas Lane & Associates LLC owned 0.50% of AES worth $63,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AES. Glassman Wealth Services lifted its stake in AES by 186.1% during the 4th quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 1,254 shares during the period. Private Trust Co. NA lifted its stake in AES by 68.8% during the 4th quarter. Private Trust Co. NA now owns 2,669 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 1,088 shares during the period. Principal Securities Inc. acquired a new stake in AES during the 4th quarter valued at approximately $57,000. Allworth Financial LP lifted its stake in shares of AES by 133.7% in the 4th quarter. Allworth Financial LP now owns 3,110 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 1,779 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of AES by 267.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,587 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 2,611 shares during the period. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Price Performance

Shares of AES stock traded down $0.39 during trading hours on Friday, reaching $18.47. 17,911,853 shares of the company's stock were exchanged, compared to its average volume of 5,896,388. The AES Co. has a 1 year low of $11.43 and a 1 year high of $22.60. The company has a market capitalization of $13.13 billion, a P/E ratio of 25.65 and a beta of 1.11. The business has a fifty day moving average of $19.31 and a two-hundred day moving average of $18.01. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 4.04.

AES (NYSE:AES - Get Free Report) last released its earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. AES had a net margin of 4.40% and a return on equity of 36.23%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts predict that The AES Co. will post 1.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on AES shares. Seaport Res Ptn cut shares of AES from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 21st. Barclays decreased their target price on shares of AES from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of AES in a research note on Tuesday, April 9th. UBS Group decreased their target price on shares of AES from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 3rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $25.00 price target on shares of AES in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AES has a consensus rating of "Moderate Buy" and an average target price of $22.50.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.